For nearly five years, I worked for the FDIC in Dallas. I was involved with just about each of the 500+ banks that were closed from 2008 to 2014.
When I think of the abuses perpetrated by banks, mortgage lenders and their loan servicers, and ratings agencies, all members of the "financial services industry", they richly deserve any vilification that comes their way.
I work in the financial services industry. News flash: our industry is not fundamentally different than any other industry. Yes we have some bad apples, and yes they make the rest of us look bad. But do we condemn all police officers because a few are bad apples? Do we condemn all priests because a few were bad apples? I should think not. We should condemn all forms of guilt by association. Did Heidi Cruz do anything wrong at Goldman Sachs? Or is this guilt by association? This is wrong guilt by association. And I’m sure Donald Trump over the years has worked very closely with many top notch Wall Street securities and banking firms needed to obtain financing for his projects. If we are going to go down this guilt by association crap, why not begin there?